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Technology Stocks : ADFLEX SOLUTIONS ( AFLX ) -- Ignore unavailable to you. Want to Upgrade?


To: Amir Desai who wrote (169)11/19/1997 7:30:00 PM
From: Asymmetric  Read Replies (2) | Respond to of 718
 
Amir, Great Post, Thanks for Sharing Notes.

Your post has made me feel a lot more comfortable
with my purchase today, late afternoon, at $17.
The technicals on this stock look fairly negative,
so I jumped in solely on basis of flip chip future.
Also at closing price of 16 7/8, market cap is now
only $148 million, and Price/Sales Ratio is 0.7.
With volume over 900,000 sh today, will be interesting
to see if there's any follow thru selling tomorrow.
My guess is whoever was selling cleaned out his book
today, especially with way stock stumbled at end of
the day...kinda like, 'whatever we can't sell at 17
and change we'll just dump whatever's left at the end
of the day.' Tomorrow should see a bounce from bargain
hunters. Just my two cents.



To: Amir Desai who wrote (169)11/20/1997 1:06:00 AM
From: Kent Sarikaya  Read Replies (1) | Respond to of 718
 
To Amir and other posters, thanks for writing and sharing info.
Today was a shocker, I expected it to be dead for awhile with end of year selling by funds for taxes, but today was out of the ordinary.
We need a good bounce back before I can sleep easily again. Just when I thought we had established a nice support level around $20-21...

I'm glad they are holding off on offering more stock and it does look encouraging that this quarter is on track. It would be nice for the borkerage houses and company to have some press releases of confidence and get this stock back up where it belongs trading between 24 and 30 till next earnings report.

I'm glad we have 2 more days of trading this week. Let's get those buyers back in!!!!